Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Our common stock is listed for trading in Canada on the Canadian Securities Exchange (“the CSE”) under the symbol “RISE” and is quoted in the United States on the OTCQX Market under the symbol “RYES”.
Holders
As of the date of this Report, there are approximately 199 registered holders of our common stock.
Recent Sales of Unregistered Securities
Other than as disclosed in previous quarterly reports on Form 10-Q or current reports on Form 8-K or as described below, we have not offered and sold any equity securities that were not registered under the Securities Act of 1933, as amended (the “Securities Act”) during the fiscal year ended July 31, 2020.
On September 9, 2019 in conjunction with a debt financing, we issued 1,150,000 share purchase warrants to a lender as partial consideration for a secured $1,000,000 loan. Each warrant entitles the holder to acquire one share of Common Stock at an exercise price of $0.80 (C$1.00) until September 9, 2022. We issued the warrants in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act for offers and sales in the United States. Our reliance on Section 4(a)(2) was based on the fact that the lender provided us with written representations regarding its investment intent and status as an accredited investor, the availability to the lender of information regarding our company and our properties and operations, and the private nature of the transaction.
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Item 6. Selected Financial Data.
Not required.
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